RS-WS1
For Sale

51 Kilbarrack Road,

Kilbarrack, Dublin 5, D05 R6K2
227.80 SQ.M
Offers in excess of
€650,000
Investment Property

Property Overview

The property comprises a mid-terrace two storey mixed-use building. The ground floor is laid out to provide for a refurbished self-contained retail unit. The retailing accommodation is predominantly open plan with storage and staff w/c facilities situated to the rear.

The first floor is accessed via separate entrance fronting onto Kilbarrack Road. The accommodation is currently in use as a hairdressers and beauty salon and is laid out in a mixture of open plan and self-contained treatment rooms.

The entire extends to approximately 2,453 sq.ft.

Tenancy

The ground floor is leased to McHugh Limited for a term of 35 years from 1st December 1987. The current passing rent is €48,000 per annum.

The first floor is leased for a term of 5 years from 27th March 2017 at a stepped rent of years 1 & 2: €12,000, years 3 & 4: €13,000, year 5: €14,000.

The total passing rent equates to €61,000 per annum.

Tenure

We understand the property is held freehold.

Services

We understand all main services are connected and supplied to the building.

Price

Offers are sought in excess of €650,000 exclusive.

The property comprises a mid-terrace two storey mixed-use building. The ground floor is laid out to provide for a refurbished self-contained retail unit. The retailing accommodation is predominantly open plan with storage and staff w/c facilities situated to the rear. The first floor is accessed via

  • High profile mixed use investment situated on the Kilbarrack Road
  • Immediate net initial yield of 8.53
  • Total floor area of approximately 227.8 sq.m (2,453 sq.ft)
  • Generating a rental income of €61,000 per annum
  • Tenants not affected

Accommodation

* All intending purchasers are specifically advised to verify all floor areas and undertake their own due diligence.

The approximate floor areas are as follows:

FloorSq.mSq.ft
Ground163.01,755
First Floor64.8698
TOTAL227.82,453
RS-WS1